Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.03 | 1.22% |
| Return on Equity (%) | ▼ | 11.82% | -0.26 | 12.08% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.17 | 3.65% |
| Efficiency Ratio (%) | ▼ | 65.34% | +0.46 | 64.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.67% | -0.25 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $716 | +33.34 | $683 |
| Gross Loans ($M) | ▼ | $466 | -30.48 | $497 |
| Loan Growth YoY (%) | ▼ | 76.04% | -9.21 | 85.25% |
| Total Deposits ($M) | ▲ | $605 | +29.08 | $576 |
| Shareholders Equity ($M) | ▲ | $76 | +7.14 | $69 |
| Tang. Book Value ($M) | ▲ | $70 | +7.16 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +7.71 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 76.04% | -9.21 | 85.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.39% | 0.18% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.10 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.19% | +1.01 | 12.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.45% | 3.49% | 3.53% | 3.65% | 3.69% | 3.75% | 3.78% | 3.82% |
| ▇▄▁▆▂▃▂█ | Return on Assets (%) | 1.23% | 1.19% | 1.14% | 1.22% | 1.16% | 1.17% | 1.16% | 1.25% |
| ▂▆█▃▁▄▇▄ | Efficiency Ratio (%) | 64.6% | 66.0% | 66.9% | 64.9% | 64.1% | 65.5% | 66.5% | 65.3% |
| ▇█▇▅▅▄▂▁ | Cost of Funds (%) | 2.07% | 2.13% | 2.04% | 1.93% | 1.94% | 1.90% | 1.79% | 1.67% |
| ▁▆▁██▁▁▁ | NPA / Assets (%) | 0.00% | 0.06% | 0.00% | 0.08% | 0.08% | 0.00% | 0.00% | 0.00% |
| ▁▆▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.08% | 0.00% | 0.10% | 0.11% | 0.00% | 0.00% | 0.00% |
| ▁▂▁▂▂▅▇█ | Tang. Book Value ($M) | $61 | $63 | $62 | $63 | $63 | $66 | $69 | $70 |
| ▁▅▇█▆▅▆▃ | Gross Loans ($M) | $456 | $477 | $487 | $497 | $483 | $479 | $482 | $466 |
| ▁▁▃▃▃▄▇█ | Total Deposits ($M) | $563 | $560 | $574 | $576 | $574 | $579 | $594 | $605 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 4% |
| Agricultural | 20% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 16% |